Banking
Best Banks in Luxembourg for Expats 2026: Full Comparison
Thomas Weber
Cross-border tax specialist and pension advisor
9 min read
Disclaimer: For informational purposes only. Not financial, tax or legal advice. Verify with administration.public.lu and consult a qualified professional before making decisions.
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Choosing the right bank when you arrive in Luxembourg can save you significant time and money.
Traditional Banks
BGL BNP Paribas Luxembourg's largest bank. Strong English-language service, good online banking, branches across the country. Account fees ~€4-8/month.
ING Luxembourg Popular with expats for competitive pricing and good English-language app. Fees around €4/month.
Spuerkeess (BCEE) The national savings bank — most accessible for new arrivals. Every commune has a branch.
Raiffeisen Strong in border regions. Cooperative structure, competitive mortgage rates.
Digital-First Options
N26 German digital bank, popular with expats. Free basic account, excellent app, no physical branches.
Revolut Multi-currency account ideal for cross-border workers. Very low international fees. Use as supplement to a primary account.
Our Recommendation
- Best overall: BGL BNP Paribas or ING Luxembourg
- Most affordable: ING Luxembourg or N26
- Best for frontaliers: ING (good cross-border features)
- Best for mortgages: Spuerkeess or BGL
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